Connected Biosensors - Northern Africa

Northern Africa

Highlights

In the Northern African market Connected Biosensors, the projected revenue for 2024 is expected to reach US$291.40m.
This is projected to grow at an annual growth rate (CAGR 2024-2029) of 9.52%, resulting in a projected market volume of US$459.20m by 2029.
The user penetration in this market is estimated to be 1.19% in 2024 and is expected to increase to 1.25% by 2029.
The average revenue per user (ARPU) is projected to be US$94.18.
In comparison to other countries, China is expected to generate the highest revenue in the global market, reaching US$4.49bn in 2024.
In Northern Africa, the demand for connected biometric sensors in the digital health market is rapidly increasing due to the region's growing focus on healthcare innovation and technological advancements.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Connected Biosensors market in Northern Africa is experiencing significant growth and development, driven by various factors shaping consumer preferences, market trends, local special circumstances, and underlying macroeconomic factors in the region.

Customer preferences: Consumers in Northern Africa are increasingly inclined towards adopting connected biosensors such as smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms. This shift is primarily fueled by the growing awareness about the importance of health monitoring and the convenience offered by these connected devices in tracking and managing health conditions.

Trends in the market: In Northern Africa, there is a noticeable trend towards the integration of advanced technology in healthcare devices. Smart biosensors are becoming more sophisticated, offering features like real-time data tracking, wireless connectivity, and compatibility with mobile applications. This trend is driving the demand for connected biosensors in the region as consumers seek more efficient and accurate ways to monitor their health.

Local special circumstances: Northern Africa presents unique challenges and opportunities for the connected biosensors market. The region has a high prevalence of chronic diseases such as diabetes and hypertension, creating a significant demand for devices like smart blood glucose meters and smart blood pressure meters. Additionally, the increasing focus on telehealth and remote monitoring solutions in the region is further driving the adoption of connected biosensors.

Underlying macroeconomic factors: The economic landscape of Northern Africa is also influencing the growth of the connected biosensors market. As disposable incomes rise and healthcare infrastructure improves in countries across the region, more consumers are able to invest in healthcare technology. Additionally, government initiatives and policies aimed at promoting digital health solutions are creating a favorable environment for the expansion of the connected biosensors market in Northern Africa.

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.